Great Again

JM Ashby
Written by JM Ashby

(Cartoonist - Tim Eagan)

In other news, the founder and executives of Insys Therapeutics Inc have been found guilty by a federal jury for bribing doctors to prescribed the synthetic opioid fentanyl. They were also accused of lying to insurance companies.

Meanwhile, Trump spoke to his boss Putin for an hour this morning and, for reasons, they discussed the Mueller report.

Finally, fund managers don't know how to financially plan around the impact climate change is having on the agricultural industry so some managers are investing in companies that tend to do better when everything is a disaster.

“I just don’t know how to value these companies now,” said Christopher Terry, a portfolio manager at Hodges Capital in Dallas. “It’s harder to invest around a theme when you’re talking multi-decade impacts.”

More extreme weather in the Midwest, for instance, will boost the cost of grains for feed, which will cut margins of egg producers like Cal-Maine Foods Inc, he noted. Barge companies such as Kirby Corp that move commodities down the Mississippi River may have more days that operations are out of service because of flooding, he added.

Other fund managers said they were seeking agricultural companies that might actually benefit from more severe weather.

Michael Underhill, chief investment officer at Capital Innovations, said he is focusing on midstream companies such as grains merchant Archer Daniels Midland Co and production companies like equipment maker Deere & Co that may benefit from greater volatility in commodity prices. ADM has a proven track record of hedging commodity bets, he said, while Deere may benefit if higher crop prices following extreme weather prompt farmers to invest in new machinery.

Have a good weekend!

  • Badgerite

    Very good likeness of William Barr. He might as well have worn a t-shirt that said “I came to obstruct justice and all I got was this stupid hat.”

  • Aynwrong

    I wonder what new marketing term R’s are going to come up with for all the “big gummit spendin” necessary to keep all those “real Muricans” afloat out there in “Real Murica” as climate change takes it’s toll.

    I’ll say this for the free market… It’s run by people a helluva lot more logical and practical that half of our body politic. At least they’ll admit that climate change is happening. Even if they are profiteers.

    Happy weekend everyone. I’m gonna try very hard to feel the way this sounds. Which is probably missing the point.